A given sum of money received each year for a specific number of years is called a(n)
a. bond
b. perpetuity
c. debt
d. discount
e. annuity
E
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Suppose the government imposes a tax that reduces the quantity sold in the market after the tax to Q2. The price that sellers receive is
A. P0. B. P2. C. P5. D. P8.
Refer to Scenario 12.2. In this game, Jerome's tough strategy would lead to his preferred equilibrium of
A) Eliza donates a kidney and Jerome does not. B) both Eliza and Jerome donate a kidney. C) Jerome donates a kidney and Eliza does not. D) neither Eliza nor Jerome donates a kidney.
Admission to the Euro required in 1997 that a country's government deficit not exceed ________ percent of GDP
A) twenty B) fourteen C) seven D) three
With respect to controlling the money supply, the law requires the Fed to take orders from:
a. the President. b. the Speaker of the House. c. the Secretary of the Treasury. d. no one?the Fed is an independent agency.